Saturday Star

Fund ordered to rework death benefit allocation

PENSION Fund Adjudicator Muvhango Lukhaimane has ruled that the Sanlam Umbrella Pension Fund set aside and rework a death benefit allocation that it had paid out to a deceased’s spouse and two minor children, while four complainants, who were the deceased’s children, were allocated only 1% each.

The deceased’s spouse and two children were allocated 96%. The deceased had six children.

The decision came after the four complainants lodged a complaint with the Office of the Pension Funds Adjudicator, claiming they were allocated only 1% each from

You’re reading a preview, subscribe to read more.

More from Saturday Star

Saturday Star2 min read
Screening Of Passengers To Deal With Mpox Outbreak
AS cases of the mpox begin to surge in South Africa, the Border Management Authority (BMA) Commissioner, Dr Michael Masiapato, has announced that he has instructed port health officials to start a process of screening travellers in a bid to deal wit
Saturday Star3 min read
Low-profile Walter Leads Proteas To Promised Land
AFTER years of high-profile coaches, it is the relatively unknown Rob Walter who stands on the brink of South African cricket history as he prepares his side for their first-ever World Cup final. The Proteas booked their place in the T20 final with a
Saturday Star4 min readCrime & Violence
Pension Funds Adjudicator Reprimands Fund
THE DEPUTY Pension Funds Adjudicator has recently reprimanded a retirement fund for withholding payment of a withdrawal benefit without affording the member an opportunity to make representations to it as to why the benefit should not be withheld. Ac

Related Books & Audiobooks